This week, 32 corporations in Maryland had been introduced as ExportMD grant recipients by the state’s Division of Commerce.
The grants, which had been awarded from January to July of this 12 months, are designed to assist native corporations take their services to a world viewers. The cash will help subsidize things like commerce present charges and journey bills.
“Our ExportMD grant program continues to be an essential software for Maryland companies trying to broaden their attain throughout the globe,” stated Maryland Commerce Secretary Mike Gill in an announcement. “Not solely can this system be utilized to offset worldwide journey prices, but it surely may also be used for corporations to ship out pattern merchandise, translate web sites into international languages and extra. These are just some methods our native companies can deal with new markets and make a long-lasting impression with prospects world wide.”
The ExportMD program was established in 1999 and matches grants as much as $5,000 from the division’s Workplace of Worldwide Funding and Commerce. A cooperative settlement with the U.S. Small Enterprise Administration helps fund the grants.
The subsequent utility deadline is Oct. 1, division officers stated. With a view to qualify, corporations have to have enterprise operations in Maryland; be in good standing with the evaluation and taxation division; have been in existence for at the least a 12 months; haven’t obtained an ExportMD grant up to now two years; be a small enterprise (with some exceptions) and are planning a global initiative for his or her firm that should happen within the six months following the appliance deadline.
In accordance with the division, a number of of its taking part corporations have used the funds to safe a spot within the division’s work abroad in its Workplace of Worldwide Funding and Commerce. A delegation from the division has taken native companies to abroad commerce reveals in international locations together with Mexico, the UK, Chile and the United Arab Emirates.
Learn who obtained a grant this 12 months at Technical.ly